required a prepare a contribution income statement for july b determin
a. Prepare a contribution income statement for July.
b. Determine Jail and Sail's monthly break-even point in units.
c. Determine Jail and Sail's margin of safety in units for July.
d. Determine the unit sales required for a monthly after-tax profit of $20,000.
e. Prepare a cost-volume-profit graph. Label the horizontal axis in units with a maximum value of
4,000. Label the vertical in dollars with a maximum value of $600,000. Draw a vertical line on
the graph for the current (2,200) unit level and label total variable costs, total fixed costs, and total
before-tax profits at 2,200 units.
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